March ETF Assets Reach $228B

April 26, 2005 ( - The total combined assets of the nation's exchange-traded funds (ETFs) as of March were up 2.2% to $228.7 billion, according to an Investment Company Institute (ICI) news release.

Breaking this down, $179.7 billion is in domestic equity indices, while $37.6 billion sat in global/international equity indices. About $11.3 billion was in bond indices, according to the release. This is up from the February figures of $175.6 billion, $38.1 billion and $10.1 billion, respectively. The total assets in ETFs in February were $223.8 billion.

The gross issuance of shares in March was $29.1 billion, while the gross redemption was $18.7 billion, for a net issuance was $10.3 billion on the month.

The number of ETFs in the domestic equity market rose by seven on the month to 110, while three ETFs were added in the global/international arena. No bond ETFs were added on the month